The company got new work worth Rs 107 crore
Business Business: DCX Systems informed the exchange on August 16 that several orders have been received. The company said that it has received such orders from domestic and international customers. The company said in a statement that these orders include the supply of electronic kits, cables and wire harnesses.
The total amount of these orders is Rs 17 crore. The company has to complete it within a year. Despite the good news, the company’s shares fell 3% on Friday. Yesterday the stock closed at Rs 319.75 on the BSE.
Experts are optimistic about the growth of the stock. They expect the share price of this company to increase by 60% in the future. According to a report by CNBC TV18, the company’s stock may rise to the level of Rs 519. Brokerage firm KR Choksey has advised to buy this stock.
In the last month, DCX Systems shares have fallen by more than 20%. At the same time, investors who have held the stock for 6 months have lost 0.5% so far. Those who have held the stock for a year have given a return of 14% so far.
